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Fortior Technology Proposes Strategic Cash Management Plan

Story Highlights
  • Fortior Technology plans to use up to RMB4.5 billion in idle funds for cash management.
  • The proposal requires shareholder approval as it involves a significant portion of the company’s assets.
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Fortior Technology Proposes Strategic Cash Management Plan

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The latest update is out from Fortior Technology (Shenzhen) Co., Ltd. Class H ( (HK:1304) ).

Fortior Technology (Shenzhen) Co., Ltd. announced a proposal to utilize idle funds for cash management, amounting to no more than RMB4.5 billion, to enhance shareholder value and ensure efficient use of resources. The proposal, which involves depositing unused proceeds into short-term interest-bearing accounts and investing in high-safety financial products, requires shareholder approval due to its significant proportion of the company’s total assets.

More about Fortior Technology (Shenzhen) Co., Ltd. Class H

Fortior Technology (Shenzhen) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the technology sector. The company focuses on maximizing shareholder value and improving the efficiency of its financial resources.

Average Trading Volume: 1,118,771

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